Home loans are quite difficult to get these days. In these slides we discuss some of the First National Bank options that are available.

1. FNB Home loans: What Options Do you Have?
There are four popular home loans:
• FNB Traditional Home
• FNB Smart Bond
• FNB Bond Plus
• FNB Add Ons (Future Use, Flexi Facility, Further Loan, Pre-Paid, Re-
Advance)

2. FNB Traditional Home Loan Overview
• With FNB Traditional Home Loans you can qualify for a 100% home loan.
• This makes a great option if you don’t have a deposit.
• The interest rate you will qualify for will be influenced by your credit score,
your debt to income ratio , whether you take 100% finance or not.
• You can also choose between a variable or fixed rate home loan.
• Through the variable interest rate your payments may go down if the interest
rate falls or on the down side up if it rises.

3. What financing options do you have?
• You will need a satisfactory credit record.
• Proof of income
• Fixed and variable inters rates are available with repayment terms up to 30 years.
• If your credit record is not that great you might have to pay a deposit
• FNB offers variable and fixed rates (12-24 months fixed) and BA-Linked interest rates.

4. • Once your bond has been registered and you started making payments you can have
access to that money again in the form of a re-advance.
• If your property increases in value you have the opportunity to a further bond where
you register a additional bond on top of your current bond. You can determine the
amount you can borrow by subtracting the amount you owe on your home loan from
the price of your home.
• Another option is a flexi bond facility which gives you access to additional deposits
you have made into your mortgage.

5. FNB Smart Bond Overview
• Smart Bond is a affordable housing finance solution for borrowers
who earn less that R15000.00 a month.

6. What financing options do you have?
• With a smart bond you do not need a deposit, as you can enjoy 100%
cover
• You also have the option of a five year fixed interest rate
• If you would like to take advantage of interest rate drops you can apply
for a variable rate bond.
• The minimum loan amount is R20,000 with a maximum repayment
period of 20 years

7. Well, I know that is a lot for you to take in so I am happy to spend
some time with you and answer any questions you have
about choosing home loans.
You are very welcome to contact my office at 086 110 6204 or send
me a personal email at: info@gpfmortgage.co.za